president obama and the far left continue to demand more tax increases on the affluent and corporations. but not all corporations. facebook actually did not pay any income tax in 2012, saving the company $3.2 billion in taxes. by the way, facebook donated $100,000 to the president's campaign last year. joining us from our new york city studio, fox business anchor lou dobbs. so lou, very simply, so even i can understand it, how could facebook not pay any income tax? >> they did so by following the law. and the fact is that the law says that they can write off their losses of previous years before they went public and they went public last year and the biggest technology ipo in history. and that gave them the opportunity to earn $1.1 billion and write off those losses and as a result, get a $429 million refund. i know you're going to be thrilled with that. >> bill: all right. so let me try to clarify this. when facebook began, zuckerman, that's the guy? >> right. >> zuckerberg. >> bill: he gets all of these people to invest in his company. >> right. >> bill: but it doesn't make a profit,